China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE MONTH ENDED 31 MARCH 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE

FOR THE MONTH ENDED 31 MARCH 2021

China Resources Land Limited (the "Company") is pleased to provide its shareholders update on land acquisitions carried out by the Company and its subsidiaries (the "Group"), for the month ended 31 March 2021 (the "Land Acquisition Update").

In March 2021, the Group acquired 4 land parcels in Chengdu, Wuxi, Huai'an and Wenzhou with total gross floor area ("GFA") of approximately 849,817 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB6.71 billion.

Details of the Group's land acquisitions in March 2021 are set out in below table for reference:

																			Attributable			Land			Attributable
													Interest			Total GFA							Land
	No.			Month			City			Project Name							GFA			Premium
									(%)			(sqm)							Premium
																	(sqm)			(RMB mn)
																							(RMB mn)
1			Mar		Chengdu		Longquanyi District Xihe Street	100%		148,908		148,908		841		841
				112 Mu Residential Project
2			Mar		Wuxi		Xishan District Xishan Street	100%		64,477		64,477		1,161		1,161
				North Residential Project
										Development District Mingyuan
3			Mar		Huai'an		Road Commercial and Residential	100%		530,979		530,979		2,445		2,445
										Project
										Lucheng District Huanglong
4			Mar		Wenzhou		Commercial City Street phase III	100%		105,453		105,453		2,265		2,265
				Commercial and Residential
										Project

The preliminary figures disclosed above are derived from the Group's internal management records and subject to change and may differ from those appear in the audited and unaudited financial statements of the Group to be published on yearly and half-yearlybasis. They shall not be taken as a measure or indication of the Group's current or future operating or financial performance. As such they are strictly for information only and not for any other purpose. Investors are advised not to place any reliance on the information disclosed herein but to exercise due caution when dealing in the securities of the Company. The Land Acquisition Update does not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Company or any of its subsidiaries or associates. Any investor who is in doubt is advised to seek advice from professional advisors.

By Order of the Board

China Resources Land Limited

LI Xin

President

PRC, 14 April 2021

As at the date of this announcement, the non-executive directors of the Company are Mr. Wang Xiangming, Mr. Yan Biao, Mr. Chen Ying, Mr. Wang Yan and Mr. Chen Rong; the executive directors of the Company are Mr. Li Xin, Mr. Zhang Dawei, Mr. Xie Ji, Mr. Wu Bingqi and Mr. Guo Shiqing; and the independent non-executive directors of the Company are Mr. Ho Hin Ngai, Bosco, Mr. Andrew Y. Yan, Mr. Wan Kam To, Peter, Mr. Zhong Wei and Mr. Sun Zhe.